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Phosphate Fertilizer Daily Review: Insufficient Market Demand Leads to Industry Downturn

June 12, 2024, 9:21 AM
Feidoodoo
682
In the phosphate fertilizer market, both MAP and DAP maintain stable prices, despite a downturn in industry operation due to insufficient market demand. MAP is currently experiencing a decline in operation rates, with factories processing previously pending orders and cautious market purchasing. DAP, on the other hand, faces weak winter storage downstream demand, with ongoing cautious purchasing attitudes and a strong wait-and-see sentiment. The cost support from raw materials like synthetic ammonia, sulfur, and phosphate rock contributes to the stability of both MAP and DAP market prices, which are expected to continue their steady yet consolidating trend in the short term.